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Entrep Week 4 PPT Sir Pau

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2 views

Entrep Week 4 PPT Sir Pau

Uploaded by

angeloapaulo051307
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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THE POSSIBLE PRODUCT/S

OR SERVICE/S THAT WILL


MEET THE NEED
3RD QUARTER WEEK 4
Sir Pau Poblete
Teacher
Objectives:
1.Recognize a potential market
a. Analyze the market need
b. Determine the possible product/s or service/s
that will meet the need;
c. Screen the proposed solution/s based on
viability, profitability, and customer requirements;

2. Select the best product or service that will


meet the market need.
Learning Task 1
DIRECTIONS: To check your prior knowledge about the
topic, please analyze the statements below.
_____1. Which is referred to as a marketing offering?
a. Company
b. Sales
c. Goods
d. Product or Sales

_____2. Which of the following is not a tangible product ?


a. Alcohol
b. Car
c. Event Organizer
d. Face mask
_____ 3. Which is referred to as the production of an essential intangible?
a. Items
b. Company
c. Service
d. Market

_____4. Which of the following is a customer need that an entrepreneur should


consider ?
a. Usability
b. income
c. Occupation
d. savings

_____ 5. Which is not an after sales service


a. Online support
b. Returns and Placement
c. Warranty and Guarantee
d. Employee training
Market

◦ -AMarket is a place where


two parties can gather to
facilitate the exchange of
goods and services.

◦ -APotential Market- part of


the market you can capture in
the future. It includes the
demographic group that are
not currently your customers
but could become customers
in the future.
Entrepreneurs make an economic wealth by
providing products and services in order to
create wealth.
One principle is, “not to sell waste to consumers
but only valuable products and services”
anything of no value to anybody is definitely a
waste
Product Services
◦it is a tangible or ◦is/are a special form of
intangible item that is built product which consists
or produced to satisfy the of activities, benefits or
needs of a certain group of satisfactions offered for
people. To ensure the right sale that are intangible
product, an entrepreneur and do not result in the
must know the demand of ownership of anything.
their consumer in the
market
Differences between Products
and Services
Specific Examples of products and
services
Products Services
◦new prints of motion picture ◦ consulting with clients on
film elements appropriate products for specific
purposes
◦prints for exhibit purposes ◦ providing advice on risk
◦ reference copies on assessment and priority setting
DVD/CDs, books, magazines ◦ working on standards
for the reading rooms or committees
other clients ◦ conducting training and other
educational outreach
◦ Cars, tables and chairs, etc.
Identifying and Meeting
Customer Needs
◦ Customer needs are the named
and unnamed needs of customers
when they come in contact with the
different business establishments or
when they search for the solutions
which businesses provide.
◦ In addition, providing superior
customer service means meeting
customers’ needs by providing them
with the products and services they
want or by providing effective
solutions to their problems.
Identifying and Meeting
Customer Needs
◦Similarly, innovation
comes from identifying
customers’ needs and
providing solutions that
meet those needs.
How to Meet the Needs of
Customers?
◦1. Identify what the customers need through keyword
research, focus groups, or social listening.
◦2. Distribute the information to relevant stakeholders in
the organization.
◦3. Craft product features or create content that speaks to
the customer’s needs.
◦4. Collect customer feedback in order to meet their
expectations
DEFINITION OF TERMS:
◦Consumption - the amount of something that people
and other entities use.
◦Acquisition - taking possession of an asset by
purchase
◦Customer satisfaction - measures how well the
expectations of a customer concerning a product or
service provided by your company have been met.
◦Customer service - meeting the needs and desires
of any customer.
DEFINITION OF TERMS:
◦Customer feedback - is information provided
by clients about whether they are satisfied or
dissatisfied with a product or service.
◦Stakeholders - is a party that has an interest
in a company and can either affect or be
affected by the business.
◦Expenditures - funds used by a business to
attain new assets, improve existing ones, or
reduce a liability.
DEFINITION OF TERMS:
◦Tangible - capable of being perceived
especially by the sense of touch.

◦Intangible - unable to be touched or grasped;


not having physical presence.
Learning Task 3: Criss Cross Puzzle. Read and analyze the
clues below and write the correct word on the blocks across and
down. Products or services that will meet the need

Across Down
◦ 2 - measures how well the expectations of ◦ 1- funds used by a business to attain new
a customer concerning a product or assets, improve existing ones, or reduce a
service provided by a company have been liability.
met. ◦ 3 - unable to be touched or grasped; not
◦ 4 - taking possession of an asset by having physical presence.
purchase. ◦ 5- indicates the extent to which customers
are devoted to a company’s products or
◦ 7 - is a party that has an interest in a
services.
company and can either affect or be
affected by the business. ◦ 6- meeting the needs and desires of any
customer.
◦ 9- the amount of something that people
and other entities use. ◦ 8 - capable of being perceived especially by
the sense of touch
◦ 10- is information provided by clients
about whether they are satisfied or
dissatisfied with a product or service.
Learning Task 3: MATCHING TYPE. Column A contains list of
products and Column B contains list of services. Match as to
which service in Column B is related to the product in Column A.
Write the letter of your answer in the space provided.
THANK YOU

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